Pune: Suzlon has unveiled its next phase of growth, introducing “Suzlon 2.0” and its new brand proposition, “Good Energies That Work,” as the company transitions from a pure-play wind OEM into a wind-first, full-stack renewable energy solutions provider designed to serve the energy-intensive world of the future.
Under its ambitious FY31 roadmap, Suzlon aims to quadruple its annual renewable energy sales to 10 GW, expand its orderbook to 15 GW, and increase its Asset Under Management (AUM) fourfold to 70 GW.
The company’s growth strategy is built around a new business architecture comprising Wind-First Full Stack Renewable Energy Technology Solutions, RE DevCo, RE Projects, and RE Asset Management Services.
According to Suzlon, these integrated business verticals are designed to enable renewable energy delivery at scale with greater speed, certainty, and long-term performance while supporting reliable, accessible, affordable, and intelligent energy systems.
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Suzlon 2.0 Targets Significant Scale by FY31
As part of its transformation journey, Suzlon is targeting approximately 40% market share in India’s wind energy market, alongside securing 3 GW of export order intake by FY31.
The company also expects a higher-value business mix, with around 60% of its volume contribution expected to come from RE DevCo.
The company stated that Suzlon 2.0 is aimed at establishing itself among the world’s most integrated renewable energy companies by combining project development, execution, technology solutions, and lifecycle asset management under one platform.
Wind-First Full Stack Renewable Energy Solutions
The company has positioned itself as India’s first full-stack renewable energy company integrating Wind, Solar, Battery Energy Storage Systems (BESS), and Energy Management Services through a single delivery model.
The company plans to scale annual renewable energy sales to 10 GW by FY31 while serving as a long-term partner for customers across their renewable energy requirements.
While wind energy will remain central to its strategy, Suzlon intends to adopt an asset-light approach in solar energy by leveraging ecosystem partnerships.
The integrated model is intended to address challenges associated with fragmented renewable energy procurement and execution by providing customers with a single accountable partner.
Wind Remains the Core Growth Engine
Wind energy will continue to be the primary growth driver for Suzlon, which aims to maintain around 40% market share in India while securing 3 GW of export order intake by FY31.
The company’s growth strategy will be supported by its ‘BlueSky’ product platform, featuring next-generation high-capacity wind turbines including the S175 (5 MW) and S163 (6.3 MW). These turbines will complement its broader portfolio spanning capacities from 2 MW to over 6 MW.
Entry into Battery Energy Storage Systems
As part of its broader renewable energy ambitions, Suzlon is entering the Battery Energy Storage Systems (BESS) segment to enhance the reliability, dispatchability, and grid readiness of renewable energy.
The company plans to establish a BESS manufacturing facility by 2027 and develop intelligent storage solutions tailored to Indian grid conditions. Through this initiative, Suzlon aims to address challenges related to renewable energy intermittency and grid reliability.
RE DevCo to Drive Future Growth
A key pillar of the Suzlon 2.0 strategy is RE DevCo, which the company describes as India’s first and only integrated renewable energy co-development platform.
Built on long-term partnerships spanning three to five years, RE DevCo is designed to help customers accelerate renewable energy deployment through end-to-end development capabilities covering land acquisition, grid connectivity, approvals, and project execution.
According to the company, the platform addresses critical industry challenges related to project readiness, speed to market, and scalability.
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Scaling Renewable Energy Project Execution
Through its RE Projects business, Suzlon plans to expand its EPC capabilities for integrated Wind, Solar, and BESS projects.
The company stated that the platform is intended to improve execution efficiency by reducing project delays and enhancing delivery predictability, thereby enabling greater speed and quality in renewable energy project deployment.
Asset Management Business to Reach 70 GW
The RE Asset Management Services vertical forms another major component of Suzlon’s long-term growth strategy.
By FY31, Suzlon aims to increase its asset under management to 70 GW, creating a significant annuity-based business. The company plans to expand its asset management offerings across wind, solar, hybrid, and multi-brand portfolios.
Leveraging digital technologies and its nationwide service network, Suzlon intends to maximize asset performance throughout the lifecycle of renewable energy projects while supporting long-term reliability, efficiency, and returns.
Girish Tanti, Vice Chairman, Suzlon Group, said, “As the world enters a super-cycle of electrification, Suzlon 2.0 is built to partner with customers and nations to accelerate the energy transition.
We deliver energy security through firm, reliable, and affordable wind-first, full stack renewable solutions- from concept to commissioning to lifetime asset management. In the next 5 years, we aim to grow our renewable fleet under management by 4x to 70 GW and annual RE sales of 10 GW.”
Ajay Kapur, Chief Executive Officer, Suzlon Group, said, “RE DevCo will be the growth engine of Suzlon 2.0. As India’s first integrated renewable energy co-development platform, it is designed to solve the industry’s biggest challenge by accelerating project readiness, scale, and reducing time-to-market.
We aim to capture 60% of our volume contribution from RE DevCo, leading to 40% market share in the Indian wind market. We are targeting 15 GW of RE orderbook and 3 GW of export order intake by FY31.”
Dharini Mishra, Chief Brand and Reputations Officer, Suzlon Group, said, “The world no longer needs just more clean energy – it needs clean energy that works.
As energy becomes the foundation of economic growth and human progress, reliability matters as much as sustainability.”
